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Collingsworth County

Driving in Collingsworth

An estimated 2,220 private and commercial vehicles in Texas, are registered in Collingsworth County and over 83% of adult drivers drive alone to work, with about 300 of them commuting for 30 minutes or more.

With an estimated 20% of Texas drivers driving uninsured, there might be around 440 uninsured automobiles in Collingsworth County alone.

Auto Insurance Analysis:

  1. More than 2,000 vehicles registered in Collingsworth County need insurance coverage. The type of auto insurance a car requires is determined by the vehicle's type, as well as its intended use. Private Auto, Commercial Auto, Auto Liability, Commercial Inland Marine, and other types of vehicle insurance are all possible options.

  2. Uninsured drivers account for one out of every five Texas drivers, which is why Uninsured Driver Coverage is so important. Uninsured and underinsured auto coverage costs Texans roughly $900 million per year.

  3. Driving without insurance is dangerous because the road is a high-risk location for accidents. You will be fined, your vehicle will most likely be seized, and your license may be suspended if you are caught driving without insurance.

To discuss your auto insurance needs in Collingsworth County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.

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Car Insurance in Texas

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Collingsworth County Housing

Collingsworth County's 1,590 housing units, like the rest of Texas, are a mix of owner-occupied homes and rental units, with around 6 owner-occupied homes for every 4 rental units. Collingsworth County has the greatest homeownership rate of its neighboring counties, at roughly 75%. The neighboring counties are also primarily made up of owner-occupied homes. Gray County, next to Collingsworth County, has nearly 73% of homeowners living in their houses, while Childress County has the lowest number at 59%.

Around 11% of the housing in Collingsworth County is considered in severe condition.

Housing Insurance Analysis:

  1. Insurance is needed for over 1 thousand housing units in Collingsworth County. Owners of these homes should, at the very least, carry Homeowners or Condo Insurance to protect the property from loss or damage.

  2. For the over 300 rental units, Landlord Insurance is strongly advised. Landlord insurance protects the property itself from liability claims, the loss of rental income, and much more.

  3. Renters Insurance, which is significantly less expensive than homeowner's insurance, is the way for tenants to protect themselves. Renters' insurance covers property theft/loss and vandalism, as well as smoke, sewer backup damage, water, and fire. It also shields a renter from liability if someone is hurt on the property.

Discuss your Home insurance needs and options with a state-licensed Property & Casualty (P&C) insurance professional. A Texas P&C insurance agent analyzes your needs, researches viable options of coverage, explains the subtleties between the possible options, and assists you with the application process. The agent usually continues being the client’s preferred link to the insurer, for the duration of the policy.

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Residential Insurance in Texas

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Collingsworth County Health

Collingsworth County, like the majority of Texas counties, has a large number of uninsured residents. Around 32% of Collingsworth County residents under the age of 65 are without health insurance and it is the highest uninsured rate among the neighboring counties. Hall County is next to the highest uninsured rate among neighboring counties, at nearly 30%, followed by Wheeler (26%), Gray (24%), and Childress (19%) counties. Donley County, with a little over 21% uninsured rate, is the neighbor with the lowest rate.

In 2022, over 24% of Collingsworth County residents reported fair or poor health.

At least 2 health insurers in Collingsworth County offer affordable and frequently subsidized ACA health insurance, on and off the state marketplace.

Health Insurance Analysis:

  1. The most crucial insurance coverage for any person is health insurance, and approximately 700 residents of Collingsworth County do not have it.

  2. Texas is one of the states that allows different types of health insurance and additional supplemental plans to be sold. This makes it easier for Texans to choose the coverage that meets their unique needs. These coverages are Affordable Care Act (ACA) health insurance, several types of Short-term insurance, Hospital Indemnity, Accident & Health, and so on.

  3. If health insurance is not obtained because it is too expensive, low-income consumers should apply for government subsidies, which can significantly reduce the cost of insurance.

  4. If there are no pre-existing conditions, short-term health insurance, and the associated supplemental plans may offer additional savings. (Some short-term health insurance plans in Texas may cover select pre-existing conditions after a year or more of continuous coverage)

Discuss your health insurance needs with a state-licensed Texas health insurance professional who has access to a variety of health insurance options available in Collingsworth County.

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Health Insurance in Texas

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Collingsworth County Mortality and the End-of-Life Statistics

The average life expectancy in Collingsworth County is 74.3 years, which is lower than the Texas average of 79.2 years. With a life expectancy of 77.4 years, Hall County has the greatest life expectancy among adjacent counties. The county with the lowest life expectancy is Donley County, which has a life expectancy of 72.8 years.

In Collingsworth County, there were roughly 500 seniors (65 years and older) as of 2022.

Life Insurance Facts:

  1. Life insurance premiums are based on the insured's age at the start of the policy. You will save more money in premiums over the term of the policy if you get it when you are younger.

  2. In 2021, 48% of Americans did not have life insurance.

Final Expenses – Collingsworth Funeral Home Cost

In Collingsworth County, the average funeral cost is around $7,700. This is a bit more than the average funeral cost in Texas, which is around $6,200. Among the neighbors, Hall and Donley Counties average $7,900 for a funeral.

Life Insurance Analysis:

  1. With 46% of Americans dying with less than $10,000 in assets, the cost of a basic burial can become a concern, putting an unwelcome and often unpleasant strain on family and friends. Rather than mourning their loss, the family must concentrate on determining how to pay. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)

  2. Aside from the costs of burial, the departed frequently leave behind taxes and other debts for the family to deal with.

  3. Term Life Insurance and Final Expense Insurance are the most commonly utilized life insurance policies to cover "final expenses" up to $50,000.

  4. Variations of Term Life Insurance and Whole Life Insurance, particularly Indexed Universal Life (IUL) insurance and Final Expense insurance, are the most often utilized life insurance products to leave money to the family.

For a consultation and advice about life insurance options in Collingsworth County, contact a life insurance agent licensed in the state of Texas.

Texas Insurance, Life Insurance, Term Life vs. Cash Value Insurance

Life Insurance in Texas

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